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Company Registration No. 05066212 (England and Wales)
Sink Ltd Unaudited accounts for the year ended 31 December 2023
Sink Ltd Unaudited accounts Contents
Page
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Sink Ltd Company Information for the year ended 31 December 2023
Director
Sarah Singleton
Company Number
05066212 (England and Wales)
Registered Office
10 Bahama Road Haydock WA11 9XB
Accountants
Accountancy Value Ltd 47 Manston Road, Penketh Warrington Cheshire WA5 2HS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sink Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sink Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Sink Ltd, as a body, in accordance with the terms of our engagement letter dated 23 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Sink Ltd and state those matters that we have agreed to state to the Board of Directors of Sink Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sink Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sink Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sink Ltd. You consider that Sink Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sink Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accountancy Value Ltd Member in Practice 47 Manston Road, Penketh Warrington Cheshire WA5 2HS 12 March 2024
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Sink Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,437 
34,046 
Current assets
Inventories
30,242 
39,811 
Debtors
183,977 
182,850 
Cash at bank and in hand
53,681 
93,234 
267,900 
315,895 
Creditors: amounts falling due within one year
(60,752)
(81,728)
Net current assets
207,148 
234,167 
Total assets less current liabilities
258,585 
268,213 
Provisions for liabilities
Other provisions
(27,000)
- 
Net assets
231,585 
268,213 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
231,485 
268,113 
Shareholders' funds
231,585 
268,213 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2024 and were signed on its behalf by
Sarah Singleton Director Company Registration No. 05066212
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Sink Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Sink Ltd is a private company, limited by shares, registered in England and Wales, registration number 05066212. The registered office is 10 Bahama Road, Haydock, WA11 9XB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
362,622 
24,205 
18,033 
404,860 
Additions
28,864 
- 
- 
28,864 
At 31 December 2023
391,486 
24,205 
18,033 
433,724 
Depreciation
At 1 January 2023
353,006 
(225)
18,033 
370,814 
Charge for the year
3,812 
7,661 
- 
11,473 
At 31 December 2023
356,818 
7,436 
18,033 
382,287 
Net book value
At 31 December 2023
34,668 
16,769 
- 
51,437 
At 31 December 2022
9,616 
24,430 
- 
34,046 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
183,977 
182,850 
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Sink Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,138 
33,026 
Trade creditors
35,910 
34,173 
Taxes and social security
8,761 
13,901 
Other creditors
7,375 
110 
Accruals
4,568 
518 
60,752 
81,728 
7
Provisions for liabilities
£ 
At 1 January 2023
- 
Additional provisions made during the period
27,000 
At 31 December 2023
27,000 
The business has a contract dispute with it's energy provider. The provider is claiming an amount for consumption not billed. There is considerable uncertainty has to the value of any claim but as a result the business has provided towards the upper end of the claim value.
8
Average number of employees
During the year the average number of employees was 9 (2022: 8).
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